This article is more than 5 years old. Information may no longer be current.

TearLab posts quarterly net loss

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

TearLab reported a net loss of $0.9 million, or $0.09 per share, in the first quarter of 2018 compared with a net loss of $4.4 million, or $0.82 per share, in the same time period of 2017.

Revenues for the quarter decreased 3.8% from 2017’s total of $6.7 million to $6.4 million this year, according to a press release.

Research and development costs decreased from $1.5 million to $1 million for the quarter, while general and administrative costs went down from $2.2 million to $2 million.

The company had $7.4 million in cash and cash equivalents as of March 31.